2013: The year of the falling Yen

2013 was the year of the Rising Nikkei and Falling Yen in the eight celestial islands of Dai Nippon. The BOJ embraces an inflation targets, injects 100 trillion yen in JGB purchases in the Tokyo money markets to offset the LDP’s anti-Chinese hawk Shinzo Abe’s election as PM and the deflation risk impact of the consumption tax.